Which of the following is the most open economy?
A)Germany
B)the Netherlands
C)the United States
D)Japan
E)Canada

Question

Which of the following is the most open economy?
A)Germany 
B)the Netherlands 
C)the United States 
D)Japan 
E)Canada

Quizplus · Accepted Answer

The Netherlands is known for its highly developed economy, which heavily relies on international trade. It has one of the highest export-to-GDP ratios in the world and is a major transit hub for the rest of Europe, with Rotterdam being the largest port in Europe. Additionally, the Netherlands has a relatively small domestic market, which means that it relies heavily on imports to meet its consumer needs. Therefore, the Netherlands can be considered the most open economy among the given options.

Which of the Following Is the Most Open Economy